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technical and a pecuniary externality resulting from the innovation process may generate multiple equilibria. Redistribution may …
Persistent link: https://www.econbiz.de/10005667010
favourable for innovation incentives. This is consistent with empirical evidence, suggesting that countries with a more equal …
Persistent link: https://www.econbiz.de/10005656323
Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global spillovers favour convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of countries with persistently different levels of income per...
Persistent link: https://www.econbiz.de/10005497902
We use portfolio theory to quantify the efficiency of state-level sectoral patterns of production in the United States …
Persistent link: https://www.econbiz.de/10005504526
We use portfolio theory to quantify the efficiency of state-level sectoral patterns of production in the United States …
Persistent link: https://www.econbiz.de/10005662195
The controversy over the appropriate partitioning of East Asian growth into accumulation versus technical change has overlooked a fundamental indeterminacy in measurement. As a result, we cannot rule out the possibility that East Asia has in fact experienced a tremendous amount of technological...
Persistent link: https://www.econbiz.de/10005124261
Convergence in per capita income across countries turns on whether technological knowledge spillovers are global or local in a large class of models. This Paper estimates the amount of spillovers from R&D expenditures in major industrialized countries on a geographic basis. A new data set is...
Persistent link: https://www.econbiz.de/10005124371
. Growth is sustained by the development of new varieties of intermediate goods. Innovation is risky and the probability of … risk premium required by risk-averse researchers. Natural forward and backward links arise between finance and innovation …
Persistent link: https://www.econbiz.de/10005114230
We construct a revised version of the Barro and Lee (1996) data set for a sample of OECD countries using previously unexploited sources and following a heuristic approach to obtain plausible time profiles for attainment levels by removing sharp breaks in the data that seem to reflect changes in...
Persistent link: https://www.econbiz.de/10005666682
We investigate the sources of productivity convergence using panel data for the Spanish regions. As a framwork, we develop a simple descriptive growth model which allows for factor accumulation, technological diffusion and rate effects from human capital and which includes fixed regional effects...
Persistent link: https://www.econbiz.de/10005667004